Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Markets will remain closed on 30th November, 2020 on account of Guru Nanak Jayanti.

Sensex Opens Flat; Banking & FMCG Stocks Under Pressure
Tue, 20 Oct 09:30 am | Yash Vora, TM Team

Asian stock markets are lower today as investors adjusted risk exposure heading into the US election and as a deadline for Washington to pass an economic stimulus bill approached.

The Hang Seng is trading down by 0.2% and the Nikkei is trading down by 0.4%.

In US, Wall Street's main indexes closed lower on Monday as there seemed to be no consensus among US lawmakers on coronavirus stimulus ahead of a Tuesday deadline that would make a relief package possible ahead of the elections.

The Dow Jones Industrial Average fell 411 points, or 1.4% while the Nasdaq Composite dropped 193 points, or 1.7%.

Back home, Indian share markets have opened the day on a flat note.

--- Advertisement ---
India Rushes to Prepare for a 2-Front War

A 2-front war is here.

China and Pakistan seem to be acting in sync... when it comes to attacking India.

Both countries have increased their military activity in the border region like never before.

And that's exactly what India is rushing to prepare for.

In fact, the Indian government has already allocated Rs 90,048 crores for 2020-21 itself.

Plus, an additional Rs 4 lakh crore would be spent over next 5-7 years.

This money will secure our borders. will potentially trigger a mega growth opportunity for a select few Indian defence companies.

With this flood of money flowing their way... their stock prices could potentially shoot up to record highs in the coming years.

You can learn everything about this massive opportunity on November 30 at our Explosive Profits Summit.

At this summit, you will also get the details of what we believe is India #1 defence stock.

It's a potential 10x opportunity in the long term.

Click here to sign-up instantly here. It's free.

Market participants are tracking shares of Hindustan Unilever (HUL) and Bombay Dyeing as these companies are scheduled to announce their Q2FY21 results later today.

The BSE Sensex is trading up by 55 points. The NSE Nifty is trading higher by 14 points.

HCL Tech and L&T are among the top gainers today. SBI, on the other hand, is among the top losers today.

The BSE Mid Cap index has opened down by 0.1%. The BSE Small Cap index opened up by 0.2%.

Sectoral indices are trading mixed with stocks in the banking sector witnessing selling pressure. IT stocks, on the other hand, are trading in green.

The rupee is trading at 73.35 against the US$.

Gold prices are trading down by 0.3% at Rs 50,539 per 10 grams.

New: 5 Pandemic-Proof Smallcaps You Should Know About...

Speaking of the current stock market scenario, note that Indian share markets have climbed back to their highest levels since the pandemic began.

The Sensex breached the 40,000-mark earlier this month. Meanwhile, the Nifty went past the 12,000-mark last week on Monday.

The smallcap index is up more than 60% since 23 March.

As per Richa Agarwal, lead smallcap analyst at Equitymaster, there could still be a lot of steam left to this smallcap rebound rally.

Have a look at the history of previous smallcap crashes and rebounds over the last two decades...

Every big fall in the smallcap index was followed by a sharp up move, a minimum gain 200%. Twice the rebounds were just shy of touching 300%.

Richa believes if you focus on the quality of business, margin of safety in valuations, and an optimum asset allocation, you are likely to create huge wealth for yourself.

--- Advertisement ---
REVEALED: How India's Best Investors Are Planning For 2021 and Beyond...

Are you an active investor looking to grow and protect your wealth in 2021 and beyond?

Then you must Register for The Equitymaster Conference Right Now.

Because for the first time ever, this conference is going fully virtual.

That means you can listen to the biggest investment minds of this generation - right from the safety and comfort of your home.

So don't wait...

Grab Your Conference Ticket Right Now

In news from the economic space, the government has not closed the option of a third stimulus package in the current financial year, finance minister Nirmala Sitharaman said on Monday, a week after announcing measures to boost consumer spending and capital expenditure.

Speaking at the launch of a book by NK Singh, Chairperson of the 15th Finance Commission, the Finance Minister said, "we have not closed the option for another stimulus package. We have now started doing some kind of assessment on GDP contraction, we have got some input. We will have to come up with the assessment, whether in parliament or in public."

On 12 October, the finance minister announced a stimulus package worth Rs 466.8 billion, including incentives for central government employees to spend more on consumer durables as well as higher capital expenditure for both the Centre and states.

Asked whether the finance ministry will come out with its own projection for the GDP contraction for the fiscal, Sitharaman said the ministry has just started making an assessment after waiting for the first half of the fiscal to be over.

The Reserve Bank of India (RBI) has projected the economy to contract 9.5% in FY21 while the International Monetary Fund has estimated GDP to shrink 10.3%.

Replying to another question, the minister said the cabinet will soon take up a proposal to identify the strategic sectors in which public sector enterprises would function, opening up other sectors to the private sector as announced as part of the Atmanirbhar Bharat package.

Earlier today, Sitharaman held a video conference with Secretaries of Ministry of Petroleum and Natural Gas, and Ministry of Coal, along with the chairman and managing directors of 14 central public sector enterprises belonging to these Ministries, to review the capital expenditure in this financial year.

How the above developments pan out remains to be seen.

Moving on to stock specific news...

Larsen & Toubro (L&T) is among the top buzzing stocks today.

L&T has emerged as the lowest bidder for constructing the largest segment of the high speed rail line between Mumbai and Ahmedabad.

The company bid Rs 249.9 billion for the 237.1 km stretch for the bullet train project, beating two other bids led by Tata Projects and Afcons Infrastructure.

L&T emerged as the lowest bidder after the National High-Speed Rail Corp (NHSRCL) opened financial bids submitted by the three infrastructure development firms for package C4 on Monday.

This is the largest for the line's construction, representing 47% of the main line of 508.17 km.

L&T share price has opened the day up by 1.5%.

Apart from L&T, market participants are also tracking BPCL share price.

The oil major's privatization bid deadline will not be extended for the fifth time, as the government's strategic disinvestment program that was hit by the pandemic is back on track, DIPAM Secretary said on Monday.

The current deadline is 16 November.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

What else is happening in the markets today? Dig in...

Equitymaster requests your view! Post a comment on "Sensex Opens Flat; Banking & FMCG Stocks Under Pressure". Click here!


Stock Market Updates

TATA ELXSI Share Price Up by 6%; BSE IT Index Down 0.8% (Today's Market)

Nov 27, 2020 03:34 PM

TATA ELXSI share price is trading up by 6% and its current market price is Rs 1,610. The BSE IT is down by 0.8%. The top gainers in the BSE IT Index are TATA ELXSI (up 6.3%) and L&T INFOTECH (up 5.4%). The top losers are PERSISTENT SYSTEMS (down 0.6%) and MPHASIS (down 0.9%).

NESCO Share Price Up by 5%; BSE REALTY Index Up 2.5% (Today's Market)

Nov 27, 2020 03:34 PM

NESCO share price is trading up by 5% and its current market price is Rs 547. The BSE REALTY is up by 2.5%. The top gainers in the BSE REALTY Index are NESCO (up 5.5%) and INDIABULLS REAL EST (up 6.5%). The top losers are OMAXE (down 0.4%) and PRESTIGE ESTATES (down 3.2%).

J.B.CHEMICALS Share Price Up by 6%; BSE HEALTHCARE Index Up 1.0% (Today's Market)

Nov 27, 2020 03:34 PM

J.B.CHEMICALS share price is trading up by 6% and its current market price is Rs 1,006. The BSE HEALTHCARE is up by 1.0%. The top gainers in the BSE HEALTHCARE Index are J.B.CHEMICALS (up 5.6%) and PROCTER & GAMBLE HEALTH (up 8.8%). The top losers are SUN PHARMA (down 0.1%) and PFIZER (down 0.3%).

V GUARD INDUSTRIES Share Price Up by 5%; BSE CAPITAL GOODS Index Up 0.3% (Today's Market)

Nov 27, 2020 03:32 PM

V GUARD INDUSTRIES share price is trading up by 5% and its current market price is Rs 186. The BSE CAPITAL GOODS is up by 0.3%. The top gainers in the BSE CAPITAL GOODS Index are V GUARD INDUSTRIES (up 5.1%) and THERMAX (up 6.8%). The top losers are GRAPHITE INDIA (down 0.1%) and SIEMENS (down 0.2%).

RATNAMANI METALS Share Price Up by 5%; BSE METAL Index Down 0.1% (Today's Market)

Nov 27, 2020 03:32 PM

RATNAMANI METALS share price is trading up by 5% and its current market price is Rs 1,725. The BSE METAL is down by 0.1%. The top gainers in the BSE METAL Index is RATNAMANI METALS (up 5.3%). The top losers are NMDC (down 0.1%) and HINDALCO (down 1.7%).

Sensex Trades Marginally Lower; Dow Futures Up by 13 Points (Today's Market)

Nov 27, 2020 12:30 pm

BSE Sensex is trading down by 44 points, while the NSE Nifty is trading flat.

View More Indian Share Market News

Most Popular

Not Infosys or Wipro. India's Next Wealth Creators Could Be Drone Stocks(Profit Hunter)

Nov 25, 2020

India's drones directorate signals the next big defence tech multibaggers.

Stocks that Could Shine More than Gold After Diwali(Profit Hunter)

Nov 17, 2020

If the markets become volatile over the next few months, do this.

How the New Margins Will Impact You(Fast Profits Daily)

Nov 25, 2020

The new rules on margins will come into effect from 1st December. Are you ready?

How to Build the Best Trading System(Fast Profits Daily)

Nov 20, 2020

In this video, I'll show you how to make the best trading system.

An Eraser and Some Pencils(The Honest Truth)

Nov 17, 2020

Ajit Dayal on the road ahead for the world after covid.


Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms


Nov 27, 2020 (Close)